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MOBILE GOVERNMENT EMP. CREDIT UNION

Jun, 30, 2021 — MOBILE GOVERNMENT EMP. CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 2 branch locations and about $23.03 million in total assets. Opened 93 years ago in 1928, MOBILE GOVERNMENT EMP. CREDIT UNION has about 788 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MOBILE GOVERNMENT EMP. CREDIT UNION
Address:
(Main Office)
P. O. BOX 2288
MOBILE, AL 36628-0001
Phone:(251) 694-4100
Fax:(251) 694-4316
Website:http://mobgecu.com
Branches:2 branch locations
Members:788
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61339
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1928
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$23,027,251
CEO/Manager:WINIFRED A MAIBEN
Chairperson:Janet M DRISKELL

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,980,554
TOTAL INVESTMENTS 17,634,945
Loans Held for Sale 0
 
 Real Estate Loans 1,488,601
 Unsecured Loans 186,662
 Other Loans 1,558,457
 TOTAL LOANS 3,233,720
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -66,484
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 185,270
 All Other Assets 59,246
  TOTAL ASSETS 23,027,251
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 81,912
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 19,471,403
 All Other Shares & Deposits 226,416
  TOTAL SHARES & DEPOSITS 19,697,819
  TOTAL LIABILITIES 19,779,731
 Regular Reserve 1,635,065
 Other Reserves 0
 Undivided Earnings 1,612,455
  TOTAL EQUITY 3,247,520
  TOTAL LIABILITIES, SHARES, & EQUITY 23,027,251
INCOME & EXPENSE  
 Loan Income 66,311
 Investment Income 135,486
 Other Income 938
 Total Employee Compensation & Benefits 105,032
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 37,436
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 55,045
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,222
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